Kuala lumpur: Global credit rating agency, AM Best, has released its inaugural Country-Risk Report analyzing 16 insurance markets across the Asia-Pacific region. This report marks a significant step in understanding the varying levels of economic, political, and financial system risks inherent in these markets.

According to BERNAMA News Agency, the report was published in conjunction with the 2025 Singapore International Reinsurance Conference (SIRC) and includes exclusive insights into seven countries in South/Southeast Asia, seven in Northeast Asia, and two in Oceania. The analysis is critical for insurers as these country-risk factors are integral to AM Best’s rating process, which evaluates the potential impact of these risks on an insurer’s financial obligations.

The report emphasizes that insurers’ capabilities to manage and mitigate country-specific risks are assessed individually, considering factors such as balance sheet strength, operating performance, and business profile. AM Best’s Singapore operations managing director and CEO, Rob Curtis, highlighted the region’s robust growth trajectory, driven by regulatory advancements and improved market practices, despite certain challenges.

Additionally, the report updates on each country’s insurance market status, regulatory developments, and risks related to natural catastrophes and climate. It also includes a benchmarking analysis of AM Best-rated companies and an overview of performance assessments for Delegated Underwriting Authority Enterprises (DUAEs), which encompass managing general agents, coverholders, and similar entities.